apply nowlearn more

At some point in our lives, most of us will have to face the seemingly daunting task of applying for a home loan. At Summit Mortgage Corporation, we believe that if you’re armed with a basic understanding and a plan, you can tackle the simple, yet routinely overcomplicated, process of obtaining the right mortgage for your specific situation.

How does the loan application process work? Read our step-by-step loan application process below.

Step 1: Application

Start the process by choosing to apply online, over the phone with one of our Senior Mortgage Bankers or stop by in person. We’d love to see you! 

Together, we evaluate your situation to find the most beneficial solution.

In order to provide you the best financial benefits available, we get to know your unique situation and your financial goals. We will pull your credit report to find out exactly which home loan options you qualify for. Then we match your goals to a home loan option that makes sense.

Whether you want to purchase a home, refinance your existing home, build a home, remodel your home, consolidate debt, or simply pay off your mortgage faster, we have options available.

Step 2: Processing

The processing step of the home loan application process involves gathering the required information in order to help you obtain your specific loan. We will also order any services that might be necessary such as an appraisal or a preliminary title report.

Step 3: Underwriting

Next, we underwrite your loan. During this step, our underwriting professionals will carefully go through each document submitted and verify the information. It is their job to make sure all the necessary information is included and each “i” is dotted and every “t” is crossed. You may be required to submit more documentation depending on your specific loan requirement.

Step 4: Funding

We then schedule the signing of your loan documents. During the closing, you will sign the final loan documents and the funding will typically occur in 24 to 72 hours.

Step 5: Celebrate!

The final and most important step is to celebrate! We celebrate you saving money, buying your dream home, retiring sooner…whatever your goal, we celebrate the fact that we reached it together!
 We hope to make you a lifelong friend of Summit Mortgage Corporation!

Ready to get started?


Have more questions?



Home Loan Application Process

Get the details on the home loan application process with our downloadable guide.

Download More Downloads